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Formosa Oilseed Processing Co (1225) Fair Value & Analysis

Consumer Defensive · TW · Market cap 6.4B TWD

FO Formosa Oilseed Processing Co 1225 · TW
Price25.00 TWD
Fair Value24.91 TWD
Upside-0.4%
Quality53/100
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Mixed Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
3.72% dividend yield
Mixed vs. peers (6/14)
Narrow moat 38/100
Evidence: Medium Range 17.60 TWD – 32.77 TWD Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 18 days ago

Share price −11.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (17.60 TWD to 32.77 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

179.50 TWD 23.70 TWD Fair Value 24.91 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 23.70 TWD – 179.50 TWD · fair‑value band 17.60 TWD – 32.77 TWD · the 25.00 TWD price screens above the 24.91 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Formosa Oilseed Processing Co (1225) currently trades at 25.00 TWD, while our model-based Fair Value estimate is 24.91 TWD, implying the stock looks roughly 0.4% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Formosa Oilseed Processing Co generated revenue of 12.1B TWD at a net margin of 3.4%. Revenue grew 2.2% year over year. It earns a return on equity of 11.6%. Net debt stands at 1.9B TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 17.60 TWD (bear case) to 32.77 TWD (bull case); at 25.00 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 0%, 1225 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 35.51 TWD 46.73 TWD 65.30 TWD 80
Residual Income 13.99 TWD 15.48 TWD 22.88 TWD 76
Rev-Margin DCF 25.95 TWD 35.56 TWD 47.55 TWD 74
All 22 models by family
DCF Models
FCF DCF 34.16 TWD 45.80 TWD 66.70 TWD 38
Owner Earnings 23.37 TWD 31.07 TWD 44.88 TWD 31
5Y Revenue Exit 25.95 TWD 34.79 TWD 47.59 TWD 39
5Y EBITDA Exit 30.23 TWD 42.19 TWD 58.05 TWD 41
5Y P/E Exit 28.20 TWD 38.68 TWD 51.26 TWD 38
10Y Revenue Exit 28.55 TWD 35.33 TWD 42.39 TWD 36
10Y EBITDA Exit 31.59 TWD 39.80 TWD 48.39 TWD 37
10Y P/E Exit 30.39 TWD 37.68 TWD 44.50 TWD 35
Earnings-Based
Graham-Dodd 11.04 TWD 13.50 TWD 15.18 TWD 54
EPV 18.03 TWD 20.51 TWD 22.65 TWD 59
Multiples
P/E Multiple 25.58 TWD 34.10 TWD 42.63 TWD 63
P/S Multiple 20.71 TWD 27.61 TWD 34.51 TWD 58
P/B Multiple 20.71 TWD 27.61 TWD 34.51 TWD 55
EV/EBIT 30.07 TWD 39.31 TWD 48.55 TWD 53
EV/EBITDA 31.86 TWD 41.70 TWD 51.54 TWD 54
EV/Revenue 22.13 TWD 30.61 TWD 39.09 TWD 43
Asset-Based
NCAV (Graham) 8.07 TWD 10.81 TWD 16.13 TWD 50
Growth DCF
Growth DCF 35.51 TWD 46.73 TWD 65.30 TWD 80
Rev-Margin DCF 25.95 TWD 35.56 TWD 47.55 TWD 74
Economic Profit
Residual Income 13.99 TWD 15.48 TWD 22.88 TWD 76
ROIC Compounder 18.03 TWD 20.98 TWD 24.12 TWD 72
Growth Earnings
Growth-Adj P/E 18.06 TWD 25.80 TWD 33.54 TWD 68

Widest divergence: DCF Models (37.68 TWD) versus Asset-Based (10.81 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 12.1B TWD
Revenue growth (YoY) +2.2%
Net margin 3.4%
Return on equity 11.6%
Free cash flow 833M TWD FY2025
P/E ratio 16.4
More key figures
Operating margin 4.1%
EPS (TTM) 1.62 TWD
Dividend yield 3.7%
EPS growth (YoY) +18.9%
Net debt 1.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 36

Profitability 47
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Formosa Oilseed Processing Co., Ltd. produces and sells oil, feeds, and flour products in China. It offers soybean oil, canola oil, sunflower oil, refined palm oil, flour, wheat germ, and other products; and corn, corn shreds, high-matured corn flour, soybean flour, high-protein shelled soybean flour, full-fat cooked soybean flour, wheat flour, bran, flour, …

Full company description

Formosa Oilseed Processing Co., Ltd. produces and sells oil, feeds, and flour products in China. It offers soybean oil, canola oil, sunflower oil, refined palm oil, flour, wheat germ, and other products; and corn, corn shreds, high-matured corn flour, soybean flour, high-protein shelled soybean flour, full-fat cooked soybean flour, wheat flour, bran, flour, barley flake and bran, compound feed, and other feed products. The company was incorporated in 1986 and is headquartered in Taichung, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Formosa Oilseed Processing Co reported revenue of 12.1B TWD in FY2025 versus 13.1B TWD in FY2021, a compound −2.1%/yr. Reported net income was 393M TWD in FY2025, compounding −3.5%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
12.1B TWD
Latest YoY
−6.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.5%
Revenue −2.1%/yr
FY21 13.1B TWD
FY22 15.3B TWD
FY23 14.5B TWD
FY24 12.9B TWD
FY25 12.1B TWD
Net income −3.5%/yr
FY21 453M TWD
FY22 369M TWD
FY23 368M TWD
FY24 344M TWD
FY25 393M TWD
Character of growth · EPS growth decomposed (2014-2025) −0.2 % p.a.
Revenue per share +0.1 pp

of which total revenue +1.6 pp · buybacks/dilution −1.5 pp

EBIT margin −3.3 pp
Tax rate +1.4 pp
Residual (interest, one-offs) +1.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Formosa Oilseed Processing Co Fair Value". https://www.fairvalue-calculator.com/stock/1225

Peer Group

Packaged Foods · 649 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Below median
Fair Value upside −0% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 4% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 16.4× · Cheaper than median
P/B 1.65× · Pricier than median
P/S (TTM) 0.53× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 8.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 28
FUTURE 11 · sector 20
PAST 46 · sector 27
HEALTH 92 · sector 96
DIVIDEND 74 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Formosa Oilseed Processing Co (1225) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 24.91 TWD versus a price of 25.00 TWD, about −0% (fairly valued).
What is the fair value of 1225?
Our model-based fair value for Formosa Oilseed Processing Co is 24.91 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 25.00 TWD.
What is the quality score of 1225?
Formosa Oilseed Processing Co has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Formosa Oilseed Processing Co (1225)?
Formosa Oilseed Processing Co reported trailing-twelve-month revenue of about 12.1B TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 1225?
The net profit margin of Formosa Oilseed Processing Co is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Formosa Oilseed Processing Co pay a dividend?
Formosa Oilseed Processing Co currently shows a dividend yield of about 3.41% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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